I am purchasing a property for cash in West Hendon. I have lived for the last 15 years in West Hendon. Conveyancing searches are expensive. Given that I know the road and vicinity intimately must I have all the conveyancing searches?
If you not getting a home loan, then almost all of the West Hendon conveyancing searches are optional. Your lawyer will 'advise', no-doubt strongly, that you should have searches completed, but he has a professional duty to do this. One thing to consider; if you are going to sell the house in the future, it could be of relevance to your prospective purchaser what the searches contain. On occasion houses with day to day issues can still throw up adverse search results. A good conveyancing solicitor in West Hendon should be able to give you some constructive advice in this regard.
We see that you have a search directory identifying law firms on the Yorkshire BS conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in West Hendon?
We are a listing service only for law firms wishing to communicate if they are on the Yorkshire BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in West Hendon.
I have been told that property searches are the primary reason for stalling in West Hendon house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays in the conveyancing process. Searches are unlikely to feature in any slowing down conveyancing in West Hendon.
I own a renovated Victorian property in West Hendon. Conveyancing lawyer represented me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold under the matching address. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in West Hendon and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with the conveyancing lawyer who conducted the conveyancing.
I have been on the look out for a flat up to £305k and identified one near me in West Hendon I like with open areas and transport links in the vicinity, the downside is that it's only got 49 years unexpired on the lease. There is not much else in West Hendon in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you need a mortgage the remaining unexpired lease term may be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
My partner has urged me to instruct his lawyers for conveyancing in West Hendon. Do I take his advice?
Much as we are happy to recommend a West Hendon conveyancing lawyer the best way to choose a conveyancing practitioner is to have guidance from friends or family who have previously instructed the conveyancer that you are contemplating using.